Guideline Value for DHARMARAJA THOTTAM

Dharmaraja Thottam guideline value

The current guideline value of Dharmaraja Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Dharmaraja Thottam has changed

Over the years, the guideline value of Dharmaraja Thottam has seen significant changes. In 2002, the value was Rs 612 per sq.ft, which increased to Rs 680 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose sharply to Rs 900 per sq.ft, reflecting a 32% increase. The next revision in 2012 saw the value remain at Rs 3,000 per sq.ft, with no change from the previous figure. In 2023, the value was again Rs 3,000 per sq.ft, and then it increased to Rs 3,300 per sq.ft in 2024, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 439%. Notably, there is no figure available for the year 2017 in the register for this street.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value is Rs 8,800 per sq.ft, making the guideline value of Dharmaraja Thottam below this median. Below are the guideline values for other streets in Mylapore:

• Dhasthagiri Ground: Rs 3,300 per sq.ft (2024)
• Dooming Kuppam: Rs 3,300 per sq.ft (2024)
• Dooming Lane: Rs 4,900 per sq.ft (2024)
• Dr. Besant Road: Rs 13,200 per sq.ft (2024)
• Dr.D.G.S.Dinakaran Salai: Rs 17,600 per sq.ft (2024)
• Dr. Natesan Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dharmaraja Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dharmaraja Thottam?

The Sub Registrar Office that covers Dharmaraja Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mylapore

The guideline value is an essential factor during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dharmaraja Thottam?

The current guideline value of Dharmaraja Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 612 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 439% over the years.

What is the registration office for Dharmaraja Thottam?

The registration office for Dharmaraja Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What are the stamp duty rates for properties in Dharmaraja Thottam?

The stamp duty for properties in Dharmaraja Thottam is charged at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with similar guideline values in Mylapore?

Yes, there are other streets in Mylapore with similar guideline values, such as Dhasthagiri Ground and Dooming Kuppam, both at Rs 3,300 per sq.ft in 2024.